Stock market tips and experiences

[mact3333]

what I said early last week was few days premature...I am short with small position now...downside target 1150-1175...then I see a push to 1250 to cap "this" rally...so down for now but then back up.

That rally on Friday was on very small volume and I wasnt falling for that trick...this means it was a short covering rally and also meant that significant buyers were not stepping up to the plate.

IMHO, Bernanke isnt going to announce QE3 until we are officially back in a recession and the SPX is down near 900.

for now the news to watch out for is europe...their piddly 400B bank fund isnt enough...soon enough they will have to come in with 2T I am guessing...this could cause a rally...perhaps within next wk or so???

[Vanity]

BAC!!!!!! Got that baby last night at $6.08 and today the earnings were amazing! $$$$$$

[infinitekidM2C]

baby got BAC? sheesh

[ES_TRADER]

smoke this mutherfuckin bar bears

[mact3333]

Originally Posted by richpuer

smoke this mutherfuckin bar bears

Rich you are a funny guy...angry mofo....

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.

[M3Bahn]

Originally Posted by mact3333

Rich you are a funny guy...angry mofo....

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.

Apple Misses Big on Earnings, Revenue; Shares Tumble

http://www.cnbc.com/id/44908357

[mact3333]

was looking for 1175 but only got 1185...need to clear 1230 then were headed to 1250.

[Javi335]

well, ooooh, mmm , ... pullback, its a pullback ... dont nobody worry

[Vanity]

Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money! Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?

[mact3333]

small positions only during this choppy ride "up"...only bet big when odds stacked for you and were are ready for big int to long term trend change...this isnt the time for big positions.

Anyone noticed what caused the rally yesterday though...400B--->2T eurotrash help...like clockwork.

Originally Posted by Vanity

Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money! Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?

[mact3333]

dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick.......if 1175-85 doesnt hold, then I am wrong.

[Vanity]

Jumped into TVIX in the morning to make profit of irresolution and volatility. It's doing well for me right now, let's hope the day goes down further

What are you guys holding during these times?


Edit: TVIX went up as high as 11% today. Got out before it got too ugly today.

[mact3333]

Originally Posted by mact3333

dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick.......if 1175-85 doesnt hold, then I am wrong.

On the cusp...think we clear 1230 soon and floodgate should open up as bears capitulate...final push up imho.

[mact3333]

bears sweating now...ready to throw in towel....

[Vanity]

Woo, been an interesting week. Spx hitting 1230 just on the last day! Bought some more BAC yesterday when the markets were down. Sold right in the morning after that 200 point opening, and sitting comfy on the green

Won't be taking a position in anything until I see what happens in Europe Sunday night! So far so good. Hope you guys ride this thing up for the last little bit before we circulate down (fingers crossed). Will be getting into some big short positions once market trend goes down.

[mact3333]

as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

[mact3333]

watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.

[Vanity]

Originally Posted by mact3333

as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

probably not the next few months, but until late nov or December. The u.s. congressional super committee, the 12 member party tasked with cutting 1.2 trillion from the deficit, has to report their decision by Nov. 23rd. If they don't come to a conclusion on anything, expect another U.S. downgrade. That will potentially send the markets low like they did in early August when the U.S. got downgraded then. And if they don't come to a conclusion, the 1.2 trillion will automatically be cut from spending, which is going to hurt the weak u.s. economy in 2012.

[mact3333]

Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.

[Vanity]

Originally Posted by mact3333

Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.

Wednesda wil be the deciding factor for the next trend. If summit talks end up agreeing on current plans of Eurobanks raising capitalization money first from the private sector, then that news should calm the markets. But the Eurobanks will have huge difficult securing such funding since credit debt swaps so high now. If the Eurobanks cannot gather private investor money for recapitalization, they will turn to selling off government assets. They will indeed trigger a fire sale across Europe as investors protect their own asset values and sell off alongside Eurobanks.

Greek write downs nearing 60% in some discussions, this will hitFrance hard and will undoubtedly get them another downgrade. Contagion is still very much possible. I'm a bit brave and holding on some FAS atm, but will be watching the markets like a hawk and prepared to pull out ASAP. I still have a good cushion so I will see how things ride.

Hope everyone is investing accordingly!

[mact3333]

look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

[Vanity]

Originally Posted by mact3333

look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

Shieeeeettttt! I knew this thing was never going back to 1300 levels!